You can start this quest by finding a drunken homeless man asleep on a bench outside the train station/ post office at Rhodes. It may need to be nighttime to discover this stranger.

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Talking to him you'll find out that his name is Jeremiah Compson and he is down on his luck as his home and possessions have been taken by the bank. He'll tell you his old home is called Compsons Stead located north of Scarlett Meadows. This will add a marker to your map with the objective to get his pocket watch, pistol, and ledger from the home.

Go to the marker to find an old run down house. The main doors are boarded up but there's an entrance on the south side next to the main door that will let you in.

As you explore this old run down home you'll learn the truth about this old man and how he used to work as a slaver.

You can find the Pocket watch above the fireplace on the eastern wall.

In the next room on the opposing wall is another fireplace. Examine the photograph on top to notice that there's a trap door in this room.

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As you finish looking at the photograph two men will appear and attack you. One has the pistol but it won't fire. Kill them both and take the pistol before heading down into the trap door.

The ledger is on the broken draws at the end of the room and to the right. Take it and a new marker should appear showing you the new location of Jeremiah Compson.

He's not far at a camp south-east between the Ringneck Creek and the train line. Once you arrive talking to him will confront him about his past and return the items to him, if a little more burned that when you first found them.